This property looks like a bad Long-Term investment with a projected -15.92% first-year return on $121k initial cash invested.
-15.92%
Cash On Cash
3.67%
Cap Rate
0.55
DSCR
$3,389
Rent
-$1,599
Cashflow
Cash Flow
$3,389 income − $4,988 expenses = $1,599 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,739
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,389
Total Expenses
$4,988
Mortgage P&I
94%
$3,184
Property Taxes
22%
$732
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$339
CapEx
5%
$169
Vacancy
6%
$203
Maintenance
5%
$169
Other
0%
$0